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Carbon Farming Initiative

Deliverable: Management of the Carbon Farming Initiative through the issue of carbon credit units in relation to eligible offsets projects.

As part of its administration of the Carbon Farming Initiative during the reporting period, the Clean Energy Regulator received and commenced assessment of:

  • 81 applications for recognition as an offsets entity
  • 14 applications for eligible offsets projects.

Thirty-seven offsets entities were recognised. No decisions were made in relation to the 14 project applications, either because the applications were incomplete and required further information, or because the methodology for assessing applications had not been determined. The statutory time frame of 90 days for assessments was not exceeded in any case.

The Clean Energy Regulator is working to build the capabilities required to administer all elements of the Carbon Farming Initiative. During the reporting period, this included the development of forms and guidance material for applicants, enquiry management and standard operating procedures, and information technology capability.

The Clean Energy Regulator engaged with stakeholders to facilitate greater understanding of ways to participate in the initiative and participants’ obligations and responsibilities. This included:

  • presenting to agricultural advisors at 21 regional workshops, which were conducted across Australia in partnership with the Department of Agriculture, Fisheries and Forestry, and to attendees at an Indigenous land management conference
  • participating in the Carbon Price and Council Landfill National Forum, which was held in Canberra by the Department of Climate Change and Energy Efficiency and the Australian Local Government Association in April 2012
  • holding meetings with landholders, financial institutions and peak industry bodies such as the National Farmers’ Federation.

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